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LG INNOTEK EXPANDS SEMICONDUCTOR INVESTMENT IN VIETNAM
Vietnam continues to strengthen its position as a preferred destination for high-tech manufacturing investment. Most recently, LG Innotek signed an investment agreement with Hai Phong City to develop a new semiconductor substrate manufacturing facility, marking the company's first semiconductor substrate production project in Vietnam.
The new facility, expected to begin construction in July 2026, will support growing global demand for semiconductor components used in AI, advanced communications and next-generation technologies. The investment further reinforces confidence in Vietnam's manufacturing ecosystem and skilled workforce.
To support growing demand from international manufacturers, Core5 Vietnam continues to expand its industrial footprint across key production hubs. In Hai Phong, Core5 Hai Phong Phase 2 is being developed to provide modern ready-built factory solutions for companies seeking to establish or expand operations in one of Northern Vietnam's most dynamic industrial markets.
For companies exploring expansion opportunities in Vietnam, our team would be pleased to share insights on industrial locations, market trends and ready-built factory solutions. Please feel free to connect with Ms. Tiffany Trang Pham via WhatsApp at +84 961 673 989.
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VIETNAM ECONOMY INVESTMENT
CHINESE INVESTORS SEEK INVESTMENT OPPORTUNITIES IN BAC NINH
Many Chinese investors are accelerating their plans to expand investment and increase their presence in Bac Ninh by proposing new projects in key sectors such as high technology, electronics, AI, and digital infrastructure. Several large enterprises are also encouraging long-term investment plans in the locality. In late May, a delegation of Chinese enterprises met the province’s leadership to discuss policies related to energy storage, AI computing infrastructure, power supply capacity and industrial park resources.
TECHNOLOGY
VIETNAM POSTS SECOND-HIGHEST AI ADOPTION IN SOUTHEAST ASIA
Microsoft noted that AI adoption in Vietnam has increased stably from 21.2 per cent in the first half of 2025 to 26.5 per cent in the first quarter of 2026. In Southeast Asia, Vietnam trails behind Singapore at 63.4 per cent. Meanwhile, Vietnam outperformed most Southeast Asian peers in AI adoption, including Malaysia (21.8 per cent), the Philippines (20.1 per cent), and Thailand (12.4 per cent).
TECHNOLOGY
VIETNAM AIMS FOR 10 STRATEGIC TECH FIRMS WORTH $1 BILLION BY 2030
The plan, unveiled on June 17, seeks to drive the development of digital infrastructure, workers, data, strategic technologies, and cybersecurity during the 2026-2030 period. Under the scheme, large-scale strategic technology companies must meet several criteria simultaneously, including annual revenue of at least $1 billion and an average workforce of no fewer than 5,000 employees.
VIETNAM ECONOMY INVESTMENT
VIETNAM ON TRACK TO TOP $1 TRILLION IN TRADE FOR FIRST TIME
With total import-export turnover reaching approximately $445 billion in the first five months of 2026, Vietnam is on track to surpass the $1 trillion trade milestone for the first time. Speaking at the seminar on export trends on June 17, Nguyen Tuan Viet, CEO of VIETGO, a company specialising in export consultancy and international trade matching, said exports continue to be one of the brightest spots of the economy and are making an important contribution to the government’s double-digit growth target.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
HCMC APPROVES MAJOR PROJECTS WORTH VND155 TRILLION
The HCMC People’s Council has approved a series of major transport and urban redevelopment projects under public-private partnership (PPP), with preliminary investment estimated at nearly VND155 trillion. Resolutions passed at the closing session of the council’s third meeting for the 2021-2026 term on June 19 included two flagship transport projects.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
CAN THO EYES TRANSFORMATION INTO A MODERN INTERNATIONAL LOGISTICS HUB
With its extensively expanded economic space, Can Tho now possesses a range of strategic advantages, including an extensive road transport network with both north-south and east-west expressways; an inland waterway transport system; an international airport; a network of ports along the Hau River; a large concentration of industrial parks and agricultural and seafood processing facilities; and connectivity to the Mekong development corridor.
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